EU Nations Advance Plan to Become Semiconductor Hub

• 3 min read
EU Nations Advance Plan to Become Semiconductor Hub

MARKET MOVERS

  • EU nations advance €43 billion plan to become semiconductor hub. The deal was backed Wednesday by EU ambassadors*, according to people familiar with the matter. It would expand the scope of what chip plants are considered “first-of-a-kind” and qualify for state aid, but stops short of allowing all automotive chips to qualify for funds, which some countries had demanded earlier this fall.
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